Overview

Years of savings in an IRA or other tax deferred retirement account can be lost to avoidable income tax, IRS penalties and poor tax planning. In many cases, these costs can be avoided by following the provisions in the Internal Revenue Code, IRS regulations and other IRS guidance. These sources, however, are often very complex and can be easily overlooked or misunderstood. This webinar covers 20 tax saving tips that can help account owners avoid pitfalls that frequently cost them a great deal of money.

Major Topics:

One per 12 month rollover rule

Rollover tips and traps

Options for spousal beneficiaries

Net unrealized appreciation

Required minimum distributions

Roth IRA conversions, recharacterizations and reconversions

Pre-age 59 ½ distributions including Form 5329

IRA beneficiary related issues and disclaimers

Learning Objectives

Identify and address many commonly encountered issues associated with IRAs